Housing Market

2023 Housing Market Projected to Have Fewest Sales Since 2008

Published by FOX Business | October 19, 2023 Economists project 2023 will mark the slowest home sales year since the housing bubble burst in 2008. Redfin estimated there will only be roughly 4.1 million sales of existing homes across the nation by year’s end due to persistently high mortgage rates — now hovering at 7.63% …

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Foreclosures Continue To Surge: Are They a Threat to the Housing Market?

Published by REALTOR.com | October 12, 2023 Is this a repeat of the 2008 housing bust? The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, according to a recent report from real estate data firm ATTOM. They were up 28% from the previous …

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A Government Shutdown Would Disrupt the Housing Market in These Surprising (and Painful) Ways

Published by REALTOR.com | September 28, 2023 The housing market is facing a new threat: a looming government shutdown. “The housing market is in a very fragile state right now,” says Jim Tobin, president and CEO of the National Association of Home Builders. “What we don’t need is a government shutdown that further damages the housing …

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Breitbart: Home Prices ‘Unaffordable’ for Average Americans

Published by Breitbart News | September 29, 2023 Average Americans cannot afford to buy a home in a growing number of communities across the United States, according to a report released by real estate data provider ATTOM. The report, CBS News noted, details how researchers analyzed 575 United States counties last year and found that 99 …

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Confused by the Housing Market? You’re Not Alone!

Published by REALTOR.com | September 25, 2023 Many factors are at work keeping both prices and mortgage rates high—and homebuyers frustrated. Lately, the housing market just seems to defy logic. Mortgage rates refuse to come back down, contrary to the predictions of experts. Home prices continue to rise despite those high rates. And all of …

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Millennials Feel They Missed ‘Golden Opportunity’ to Buy a Home

Published by FOX Business | September 16, 2023 With such barriers into the housing market, about 1 in 5 millennials don’t believe they will ever buy a home, according to a recent survey conduced by real estate brokerage Redfin. A growing portion of millennials believe they have missed the boat on homeownership. Today’s housing market is …

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San Francisco Home Sellers 4 Times More Likely to Sell at a Loss Than Average U.S. Homeowner

Published by The New York Post | September 7, 2023 Homeowners in San Francisco selling their abode in the troubled city can expect to receive $100,000 less than they bought their home for, according to real estate brokerage Redfin. Homeowners in San Francisco looking to sell in the troubled city are a whopping four times …

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